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Benefits of LTC Cash Voucher Scheme 2020 can now be Availed in Family Member’s Name: Finance Ministry

Indra Mittal by Indra Mittal
November 18, 2020
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Department of Expenditure has issued another set of FAQ stating that employees can claim reimbursement for buying goods and services, attracting GST of 12 per cent or more, on or after October 12 even if the employee has not formally used the option of availing the scheme. The payment for such purchases is to be made digitally or by cheque, demand draft, NEFT/RTGS.

Last month, the government announced the LTC cash voucher scheme 2020 under which the employees can avail various benefits. Before this, the employees were able to avail benefits on travels made or forgo the amount as per Leave Travel Concession (LTC).

The FAQ clarified on the query about name of dependent on purchase receipt that the bills of the goods and services purchased under this scheme may be in the name of spouse or any family member eligible for LTC fare as mentioned in their service records.

FAQ added that all the eligible purchases on or after October 12, 2020, but before March 31, 2021, can be counted. This was clarified with regard to a doubt of employees on whether the claim would be reimbursed for items purchased after October 12, 2020.

Central government employees availing the LTC cash voucher scheme 2020 can purchase goods or services in the name of spouse or other family members eligible for LTC fare.

Under Finance Ministry, the expenditure department manages its operations and it stated that the special cash package scheme instead of single LTC is to “compensate and encourage consumption” by government employees and the benefits can be used up to March 31, 2021.

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Indra Mittal

Indra Mittal

Indra Mittal is a writer who has done MBA in finance and worked with several CA firms as well. She has a great experience in the major finance domains like taxation, budget and more. Additionally, she has worked closely with renowned finance journalists based in Mumbai, India’s business capital.

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